Section 6
SEC. 6. This franchise is granted subject to the provisions of Commonwealth Act Numbered One hundred forty-six, as amended, only with respect to the fixing of rates. In consideration of the franchise hereby granted, the grantee shall pay quarterly into the city treasury or municipal treasury of the city or municipalities above mentioned a tax equivalent to one per centum of the gross earnings of its ice business during the life of this franchise. Said tax shall be in lieu of all taxes and governmental fees of any kind, nature or description levied, established or collected by any authority whatever, municipal, provincial, city or national now or in the future on its buildings, machineries, and equipments and on its franchise, rights, privileges, receipts, revenues and profits from which the grantee is hereby expressly exempted.